Money

Money Gold falls 1% to one-week low after robust U.S
Author: 0 Gold falls 1% to one-week low after robust U.S

Fed to cut interest rates by 25 basis points at its policy meeting ending on July 31. According to analysts, there was lack of movement in gold prices as investors remained cautious ahead of the much crucial European Central Bank (ECB) policy statement to be released later on Thursday.

Money North Korea test-fires new type of short-range ballistic missiles
Author: 0 North Korea test-fires new type of short-range ballistic missiles

North Korea launches first missile tests as President Trump's national security adviser John Bolton wrapped up a visit to Seoul , South Korea; reaction and analysis from retired Army Lt. In late June, U.S. President Donald Trump became the first sitting U.S. president to cross into North Korea. Trump said of the meeting on Twitter.

Money No Tariff Waivers for Mac Pro Components
Author: 0 No Tariff Waivers for Mac Pro Components

Apple did not immediately return a request for comment for this story. After Trump threatened to impose tariffs on an additional $300 billion worth of Chinese goods, Apple said in a letter last month that the levies would affect almost all major Apple products and reduce the company's contribution to the economy.

Money SMMT tells Boris Johnson: 'No-deal Brexit is simply not an option'
Author: 0 SMMT tells Boris Johnson: 'No-deal Brexit is simply not an option'

Johnson insists he wants to renegotiate a divorce deal which was drafted by his predecessor Theresa May over the last two years, only to see it rejected by British MPs three times in parliament. Johnson on Thursday told British lawmakers he has urged the European Union to "rethink" its opposition to renegotiating a deal worked out with his predecessor Theresa May that he has called unacceptable.

Money US Q2 GDP Stronger Than Expected, US Dollar Continues to Rally
Author: 0 US Q2 GDP Stronger Than Expected, US Dollar Continues to Rally

GDP during the president's first year in office was upwardly revised to 2.8 percent but still fell short of the 3 percent goal. Officials also incorporated some statistical improvements, such as quality-adjusted prices for cellphones and private source data like spending on video streaming and vaping products.

Money Donald Trump threatens retaliation over France's tech giant tax
Author: 0 Donald Trump threatens retaliation over France's tech giant tax

US companies spoke out against the tax. The United States in 2018 accounted for almost a quarter of all French wine exports, or 3.2 billion euros' ($3.6 billion) worth. "Make them in the US, no Tariffs!" he said. The tax applies only to companies with total annual revenues from the covered services of at least 750 million euros ( 834 million US dollars) globally and 25 million euros in France.

Money Southwest pulling out of Newark airport, groundings cited
Author: 0 Southwest pulling out of Newark airport, groundings cited

The Max grounding means Southwest's flight and seat capacity will shrink this year by 1% to 2%, compared with original plans to expand 5%. The United States Federal Aviation Administration (FAA) grounded all US-registered 737 MAX aircraft on March 13 , joining other regulators around the world.

Money Libra Draws Impostors, A Dozen Fake Libra Vendors Now Float Online
Author: 0 Libra Draws Impostors, A Dozen Fake Libra Vendors Now Float Online

An investigation by The Washington Post has discovered a dozen accounts, pages and groups on both Facebook and Instagram that claim to be official hubs of the social networking giant's new cryptocurrency . Since then, it has faced scrutiny by politicians , regulators and central bankers around the globe, including over fear that widespread adoption by Facebook's 2.38 billion users could disrupt the financial system and facilitate money laundering .

Money Boeing Posts Biggest-Ever Quarterly Loss on MAX Charge
Author: 0 Boeing Posts Biggest-Ever Quarterly Loss on MAX Charge

Boeing said its deliveries of commercial planes sank 54% - to 90 in the second quarter from 194 a year earlier. Boeing said its first flight of the 777X - the latest iteration of its popular long-range twin-aisle aircraft - is now delayed until early 2020 due to the engine problems announced last month, while its current plan for a first delivery to customers in late 2020 faced significant risk.

Money Huawei first-half revenue up about 30% despite US ban
Author: 0 Huawei first-half revenue up about 30% despite US ban

Huawei has already confirmed that the USA trade ban against it resulted in a major drop in smartphone sales , but founder Ren Zhengfei thinks the company can still reach 270 million units shipped in 2019. Whether or not trade restrictions are eased, Huawei is now developing a strategy it calls "business continuity management" to ensure it will be able to build products based on its current supply chain as well as "Huawei solutions" in future, it recently told Light Reading.

Money Ford F-150 Electric Pickup Truck Tows 1 Million Pounds
Author: 0 Ford F-150 Electric Pickup Truck Tows 1 Million Pounds

The engineer stresses that "build Ford tough is all about durability, capability, and productivity" and that the new F-150 "extends that to a whole new arena". The gentlemen act like they have no idea why they're there, until Zhang unveils the electric prototype hooked up to a massive line of 10 double-decker cargo train cars.

Money China, Hong Kong stocks little changed; STAR Market still big attraction
Author: 0 China, Hong Kong stocks little changed; STAR Market still big attraction

The STAR Market is China's latest attempt to avoid losing the next Alibaba Group Holding Ltd (阿里巴巴) or Tencent Holdings Ltd (騰訊) to exchanges in New York City or Hong Kong. The Chinese government is experimenting with loosening its grip on mainland equity markets, launching a US-style exchange for tech companies called Star Market.

Money Oil prices strengthen more than 1% on Iran risk
Author: 0 Oil prices strengthen more than 1% on Iran risk

Mr Hunt says the United Kingdom isn't seeking confrontation with Iran, but must protect the global rule of law. The crew, many of them dressed in red coveralls bearing the name of the tanker, are still on the ship, the Iranian embassy in India told Reuters .

Money Elizabeth Warren warns that Trump may trigger economic meltdown
Author: 0 Elizabeth Warren warns that Trump may trigger economic meltdown

In addition to the economic weaknesses, Warren cited the inverted Treasury-yield curve and a poll of analysts as backing the idea that a recession is likely on the way. A deadline looms for a budget deal between congressional Democrats and the White House to raise the USA debt ceiling, avoiding a government shutdown and a potential US default on its debt, which would devastate financial markets and the global economy.

Money Fed's Rosengren doesn't see the case for a United States rate cut
Author: 0 Fed's Rosengren doesn't see the case for a United States rate cut

European stocks struggled higher on Monday, shrugging off dialled-down expectations for a big U.S. rate cut this month, while escalating tensions in West Asia boosted safe-haven assets and oil prices . Benchmark 10-year notes US10YT=RR last rose 1/32 in price to yield 2.0482%, from 2.05% late on Friday. Still, the pressure on equity markets limited the rise in safe-haven Treasury yields.

Money Volvo Recalling 507,000 Cars Globally Over Potential Fire Hazard
Author: 0 Volvo Recalling 507,000 Cars Globally Over Potential Fire Hazard

Swedish auto-maker Volvo Cars is recalling 507,000 vehicles worldwide because of a faulty engine component that, in extreme cases, could result in a fire. Volvo said it was contacting all customers whose vehicles are affected by the recall and confirmed that no customers will pay for the work carried out to rectify the problem.

Money Equifax to pay up to $650 million in data breach settlement
Author: 0 Equifax to pay up to $650 million in data breach settlement

The exact amount of money Equifax will have to pay may change, depending on the number of consumer claims filed. The scandal led to the resignation of the company CEO and to a Congressional hearing during which lawmakers grilled executives about the company's handling of consumer data and its inability to report the breach in a timely fashion.

Money Here's the Scoop: National Ice Cream Day Deals
Author: 0 Here's the Scoop: National Ice Cream Day Deals

Dippin' Dots locations will give each customer a free mini cup of Dippin' Dots ice cream during a two-hour window on Sunday, July 21. PetSmart is letting your dog join in on the fun with a free dog-safe ice cream topped with a biscuit.

Money Sterling at 2-year low versus dollar on disorderly Brexit fears
Author: 0 Sterling at 2-year low versus dollar on disorderly Brexit fears

GBP/AUD was down from 1.7730 to 1.7670 intraday, though now, the currency pair is trading near the opening level at about 1.7728. GBP/CAD has been falling nearly solidly since May, and while last week's movement was mixed, this week has already seen GBP/CAD plunge from its opening levels of 1.6384 to briefly touch on a fresh 2019 low of 1.6163.

Money Chevrolet Corvette C8 Lowered on Volk T37 Wheels Looks Fresh
Author: 0 Chevrolet Corvette C8 Lowered on Volk T37 Wheels Looks Fresh

Chevrolet sources have confirmed the powertrain has been created to allow for electrification, with insiders suggesting mild hybrid, plug-in hybrid and, while less likely, full electric versions were being considered. The layout helps the vehicle put its power on the road and improves handling. Since 2013, GM has sold over 100,000 C7-model Corvettes in the United States, according to Edmunds.

Money Toys
Author: 0 Toys"R"Us to return with two new stores this November"

Yahoo Finance's Adam Shapiro and Julie Hyman discuss with the panel. Tru Kids Brands now operates more than 700 stores outside the U.S. He says his factors, which make cash advances to suppliers based on the goods they sell to the merchant, also wouldn't approve it.

Money Bill Gates No Longer Planet's 2nd Richest
Author: 0 Bill Gates No Longer Planet's 2nd Richest

Bill Gates , once the world's second-richest man after Amazon's Jeff Bezos , has been unseated as the second richest man in the world, losing the position to Bernard Arnault , the chairman, and CEO of LVMH . India's richest individual Mukesh Ambani , with a net worth $51.8 billion, took the 13 spot, while outgoing Wipro CEO Azim Premji with $20.5 billion was placed 48.

Money Asian markets rally on fresh hopes for steep Fed rate cut
Author: 0 Asian markets rally on fresh hopes for steep Fed rate cut

Iran denied that the U.S. Navy downed one of its drones in the Strait of Hormuz, following several close encounters between American warships and the Iranian military on Thursday in the vital oil shipping route that have further raised tensions between the nations.

Money PepsiCo takes Africa foothold with US$1.8 bil Pioneer deal
Author: 0 PepsiCo takes Africa foothold with US$1.8 bil Pioneer deal

Pioneer has been struggling in South Africa's weak consumer market, but Willemsen said PepsiCo was "very positive" about the country's prospects. The U.S. PepsiCo also confirmed that it meant to support Pioneer Foods' black economic empowerment programme. Acquiring Pioneer Foods would increase PepsiCo's presence in a country and region of high growth potential.

Money House passes bill to raise minimum wage to $15 per hour
Author: 0 House passes bill to raise minimum wage to $15 per hour

Blue Dogs might also keep in mind that the bulk of this $16.3 billion decline, including the disappearing $8.7 billion, would come primarily from their constituents. Bernie SandersRecalling how his original bill proposing a $15 federal minimum wage, first introduced in 2015, was at the time dismissed as an "impossible dream", Sanders in a statement thanked "a strong grassroots movement led by millions of fast food workers and the SEIU" for securing passage of the Raise the Wage Act of ...

Money Watchdog predicts recession after no-deal Brexit
Author: 0 Watchdog predicts recession after no-deal Brexit

A no-deal Brexit would hurt confidence and deter investment and lead to higher trade barriers with the European Union , pushing down the value of the pound and causing the economy to contract by 2% by the end of 2020, the OBR said. 'We thought they are so brilliant, ' Timmermans told the Panorama programme, in an interview recorded in March. Quoting another famous riposte from " Dad's Army ", he said Timmermans was a "stupid boy".

Money Airline tells which seats you're most likely to die in
Author: 0 Airline tells which seats you're most likely to die in

Shelby was sitting in a plane of Dutch company KLM, as before the departure, a flight attendant with a blanket in Hand, came up to them. "To ensure that all our passengers of all backgrounds feel comfortable on board, we may request a mother to cover herself while breastfeeding, should other passengers be offended by this", KLM said on Twitter.

Money Lotus unveils 1,972bhp fully-electric hypercar
Author: 0 Lotus unveils 1,972bhp fully-electric hypercar

While the performance figures are hypothetical at this point, Lotus claims a power output of 1,973bhp (or 2,000PS) and a top speed in excess of 200mph. It can also reach 0 to 60mph (96km/h) in under three seconds, but Lotus sadly has not noted what the official 0-100km/h time is. The wheel itself is carried out in luxurious Alcantara (there's a leather-based mostly option too, fabricate no longer peril), with a mode controller within the steering wheel's center to swap between Differ, ...